The typical asking rate per listing is in the $70's per square foot per year. The Lower Nob Hill region is experiencing a an increase in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the Bay Area market, the Lower Nob Hill submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Lower Nob Hill are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,220 sqft. Most properties in this area are approximately 4 stories. Most buildings in this market were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk of Lower Nob Hill work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.